/biz/ - Business & Finance

>>4998001
Yes, this massive FUD on IOTA is an indication of whale accumulation.

>>4998081
This.
Though, even as one who holds iota I have to admit i doubt it will overcome $100, ever.
20 Q1 2018 would be like the second coming of Christ to me desu senpai.

>>4999067
Lol at $100. This is at most $50 by January, if that.

Is it true that it's going to be on coinbase soon?

>>4998001
I personally believe in IOTA. However, it will take time to get the price up. This one is not a magic one night ride to the moon but rather a longer trip to the stars.

>>4999083
until we see a working product , this is going to remain a shitcoin

>>4998001
iota already mooned and you missed it

>>4998001
Its a shitcoin with a shady and deceptive team, the tech is sub standard, the code for the nodes in JAVA (lol...). Its all hype and marketing but it wont be able to delivr long term on the idea. You can make a quick profit short term but dump this shit as soon as more people figure its underlying asset is more or less a scam.

>>4999185
Won't the tether be comprised of widely varying hardware (if it turns out not to be a scam), therefore requiring an interpreted language? What would fit that bill better than Java? Did you know that there's a real good chance that the EMV chips on your cards are running Java OS?

This coin is shilled so hard that I refuse to go past my initial FOMO until it actually starts mooning again, stops smelling real strongly of Russian memecoin, becomes more transparent, or makes some amount of progress at all. I'm looking for an excuse here.

>>4999503
Dude, for anything hardware efficient you use C or when it really needs some advanced stuff C++, but not this monsterous inefficient Java garbage. It‘s slow and eating up ressources, its simply a very bad choice. BTC in comparision is all C++. If they scale IOTA larger all sorts of problems will come up. I dug a little deeper on the tech they have build and its horribly bad. They even wrote their own hash algo, the likelyhood that it is total garbage is close to a 100%, given that its incredibly hard even for dozens of high skilled teams to come up with one that fits security,reliability and speed as we have seen in SHA-3 competition. I make it short, IOTA is destined to fail for a multitude of reasons, also that tangle concept has like a shitload of severe technical problems and bottlenecks, one of them alone could already break it entirely. It will never deliver.

IOTA is a Hillary Clinton: Sounds all good, hyped and shilled but wont work.

Also shady and unethical business practices to the maximum.
Just fresh:

https://thenextweb.com/hardfork/2017/12/12/iota-partnership-microsoft-marketplace/

>>4999769
> i wonder who pays for this fud ?

big btc boys really scared of tangle free transaction boi after all ?

>>4999726
>political analogies
Back to /pol/

>>4999769
>That shitty fud attempt

https://twitter.com/DavidSonstebo/status/940631227979194368

>>4999817
Im just honest, i cant lie. Im full invested in btc and own no iota. Also these are different use cases. Btc vs iota is like truck vs car

>>4999921
>Threatening legal suits
>Claims to have proof of 'approval'
>Doesn't post it

Really makes you think

>>4998001
Not today.

Shit coin with empty promises. Many issues and the tangle isn't even up and running. You can gamble on the hopes that they fix it, but i'm not betting on it. Also the whole machine to machine concept doesn't work at this point in time because your small devices don't have the processing power to contribute to the "tangle". Which is just buzz words, coin mooning on hype only which is good short term. Also a $4 IOTA if it had the same supply as bitcoin would be like $800. Thats a shit ton for a coin thats all hype.

>>5000174
Normie fags might pump it, but lets be honest. Normies only put in $100 max and hope to moon. They do not drive this market, whales eating other whales do.

>>4999083
50?! How the FUCK.

Do you even marketcap? I swear these newfags in crypto are the worst.

50usd IOTA = 135b, ~half of BTC current cap. In 2 months?

Go the fuck home and grab your calculator boy, IOTA is in fucking BETA right now and it doesn't work for shit.
It needs at least another year before it can surpass 10 usd even.

>>4998001
I'd just wait till next week and buy chaintrade. It's basically guaranteed to moon like a motherfucker over the next year. Why not get in on the ground floor for once?

>>4999664
I haven't read too far into the tech, only a medium level overview of the tether shit. Any non-interpreted language will always be faster. Am I misunderstanding that the tether will be all kinds of hardware/OS configurations, so C and C++ wouldn't be able to run on all of them? Probably more lucrative for everyone to say fuck it and axe the difference anyway.

>>4999664

I have no idea what that means but you sound like you know what you’re talking about

What coin has the best tech?

>>5000727
ARK and it's not close

Anon. I told you at 5 cents about IOTA. You didn't listen. Told you after it dropped from $1 to $0.36 because of bitcoin cash fork. You didn't listen.

Price is higher, gaines weren't made. But buy, buy it now or you will regret it. You will get Q'ed.

Remember Q.

>>5001084
Where can I buy it then

>>5001211
Bitfinex. Imagine if someone is asking on /biz/ where you can buy it, what will happen when Iota hits bigger exchanges and normies will be able to get their hands on it? Answer: It will moon. Even if you dont believe in the tech, the hype will easily give you 2-3x in couple of weeks, so it's a safe bet, you won't lose short term. UCL wallet this month, lots of meetings, new exchange, announcment of Q. It will 2x by end of week, at least.

>>5001084
>id: n6koJEWn

>>5000287
I think it's some form of shilling.
>predict insanely high value in x amount of time
>newfag sees this
>even he thinks it unlikely
>but what if, i could be almost rich
>even if it's only a fifth of what he claims i make good gains
Prospects of 10x coins are just so enticing. Get rich quick scam for coiners. And with some of the stuff we've seen in crypto almost everything seems possible.


10$ in the next couple of months would be plausible. 2$ end of q1 2018 as well

>>5001084

What’s next after iota

>>5001631
>>5000287

You do know the difference between IOTA AND MIOTAS right?

Or are so fucking stupid?

You do know that there are only 7MILLON MORE MIOTAS than BTCs right?

Fucking idiots dude..jeez

>>5001682
NXT/ardr, xby, wabi

>>5001714
delete this

>>5001714
There are 2.7 billion MIOTAs .
I think you misread some things pal

>>5001714
lmao what a stupid cunt

>>5001768
Ty

>>4999664

Programmer here. C is most efficient language indeed.
But IOTA is about to have a meeting with Bosch and Microsoft in less than 6 hours. Prepare for mooning.
They are in beta but they are being financed by companies which WILL help them DELIVER.

Java is garbage, but still efficient enough.

Imagine if they used Python.

>>5001991
>Imagine if they used Python
wow such knowledge

>>5001991
>Java is garbage, but still efficient enough.
top kek. The java virtual machine is bloody amazing. When was the last time you had a look at java? 1.6 or something?

It's being rewritten in Q#, guys. IOTA's "Q" is a quantum rewrite. Screencap this.

https://blogs.microsoft.com/ai/2017/12/11/future-quantum-microsoft-releases-free-preview-quantum-development-kit/

>>5001899
Correct.

>>5002885
why yes, use highly experimental software for your business, what could possibly go wrong?

>>5002970
If this has to do with "Q" it is quite a big thing.
It is Microsoft after all.

>>5002805

I agree. Although C is more efficient being a "LEL JAVA ITS OBVIOUSLY SHIT" type of retard just shows how little they know about the language. Java being slow is a meme. Its a shit language but not for its efficiency.

>>5002805
It is amazing. What it lacks in efficiency it more than makes up for in flexibility. If you know bits from kibbles then you have to respect that at least.

>>5002805

> bloody amazing

Security wise yeah. But Java is still poo in loo tier.
I don't dabble in Java desu, I love embedded systems and want to move my ass in OS or micronctroller/driver section.

>>5003201
I don't mind writing shit in Java. It's pretty comfy actually (sure, generics suck, and some other stuff... but any language has some warts...). And IDE support is excellent. But if you really can't stand it, just pick something else that runs on the JVM. No big deal.

>>5003252
>What it lacks in efficiency
>muuh efficiency
It really depends on what you're doing. Most applications don't give a shit in what language their written in anyways, and if you run some heavier algorithms, then languages tend to be bound by the complexity of your shitty n^3 algorithm...
Not saying there aren't fields/applications where you're indeed limited so severly that you have to use C or some shit, but that's really super special/specialised stuff..
Or just check out the scientific computing community having fun with fucking python. Anything that actually needs horsepower is just outsourced to some C or F for fucking Fortran library. Again, no big deal.

>>5003201
I fucking hate /g/ because they compare totally different use cases and act like Java sux lol b/c it's not C fast and forget that it's so much fucking better for application-level code that it's not even funny.

>Spend $40 million writing the thing in C
>Fast af
>Way more bugs
>statistically has at least one bug bad enough to totally ruin security measures

>Spend $10 million writing the thing in Java
>Slower
>Fewer bugs because GC
>More secure because of GC/JVM

Cmon lol

>shit in toilet
>receive iota
This literally solves the Pajeet problem. Thank you, based IOTA.

>>4998001
i've been trading the swings since they are predictable

pattern is:

a few massive green candles
I sell
Someone dumps
profit like 20 coins
put myself in the 1Giota club by doing this.

Someone is accumulating, this will take off I just dont know when....

>>5001899
>>5001916

I don't really know and i don't even care because im not an stupid FUCKING ASS TECH VIRGIN who FUCKING READS FUCKING WHITEPAPER SHITS and calculate STUFF
my name is CHAD and i put my fucking money without reading anything and i have mad gains fucking pussys

stay virgin kids

>>5001991
>But IOTA is about to have a meeting with Bosch and Microsoft in less than 6 hours.

Where?

>>5003435
I bet you haven't written single line of code ever

>>5001714

0.1 Giota = 1 Bitcoin

>>5003201
Lel, lets put signed bytes into language, lel lets not have unsigned types at all, lel lets make universal bytecode that isn't actually portable at all in the end, lel even with all the "language features" average java programmer still manages to write more shitty program than usual C programmer.

>>5004049
Yeah, .Net core would have been far better for this

>>5003963
https://www.youtube.com/watch?v=d40UtCRsNNU

Chicago in 3 hours.

>>5004087

ty

>Trinary vs binary?

"By using a ternary number system, the amount of devices and cycles can be reduced significantly. In contrast to two-state devices, multistate devices provide better radix economy with the option for further scaling"
https://www.nature.com/articles/srep36652
https://www.reddit.com/r/CryptoCurrency/comments/6jgbvb/iota_isnt_it_the_perfect_cryptocurrency/dje8os2/

>Are you sure a computer can’t just guess my Seed?
An IOTA seed is 81 characters long. There are more IOTA seed combinations than atoms in the universe. All the computers in the world combined would take millions of years just to find your randomly generated one that’s located somewhere between the 0th and the 2781st combination. The chance for someone to randomly generate the exact same seed as yours is 1 / (2781).
If you can’t fathom the number 27 ^ 81, this video should help:
https://www.youtube.com/watch?v=p8YIdmwcubc

>How is IOTA free and how does it scales
IOTA is an altruistic system. Proof of work is done in IOTA just like bitcoin. Only a user’s device/phone must do pow for 2 other transactions before issuing one of its own. Therefore no miners and no fees. And the network becomes faster the more transactions are posted. Because of this, spamming the network is encouraged since they provide pow for 2 other transactions and speed up the network.

>How was IOTA distributed?

All IOTAs that will ever exist were sold at the ICO in 2015. There was no % reserved for development. Devs had to buy in with their personal money. Community donated back 5% of all IOTA so the IOTA foundation could be setup.

>>4998001
> will it moon

yeah 500% in a couple days but that was last week

>No inflation schedule? No additional coins?
>How is this sustainable?

Interestingly enough, IOTA is actually the only crypto that does not run into any problems with a currency cap and deflationaryism. Because there are zero fees, you will always be able to pay for something for exactly what it's worth using IOTA, no matter how small the value. If by chance in the future a single iota grows so large in value that it no longer allows someone to pay for something in fractions of a penny, the foundation would just add decimal points allowing for a tenth or a hundreth or a thousandth of an iota to be transacted with.
Here’s a guide to setup a full node
https://forum.helloiota.com/1191/Setting-Up-a-Full-Node-A-Comprehensive-Guide
How to generate wallet and seed
Download official wallet here
1) only use the sidebar generators to create your seed. Also generate it while not connected to the internet, preferably in an air gapped device that never has nor will connect to the internet. But, if you don’t trust generators at all you can also make your seed by drawing a 9x9 matrix on paper (81 char seed) and roll dice for the values in each cell.
2) if you send from an address, trash that address and never use it again. You can receive to an address as many times as you want but once you send from it you gotta move to a new address. The desktop wallet does this automatically so no need to worry about doing it yourself
3) when a snapshot occurs, you have to download the latest wallet version and hit attach to tangle until your balance shows up. You won’t lose your iota if you don’t do this but people often post their balance is zero after a snapshot and all they have to do is hit attach to tangle a few times.
That’s it. That’s all there is to the wallet commotion. Really not that hard imo but with so many new users it appears we’re getting into situations where the blind is leading the blind.

>Wallet Pending Transactions

In the wallet, go to edit node configuration > custom and type in this guys node. It’s very good. All the public nodes listed by default on the wallet are overused.
http://www.reddit.com/r/Iota/comments/7iommi/if_you_are_having_problems_with_pending_transfers/dr0dojc
Or use one from the top of this list: www.iota.dance/nodes
IOTA rolled its own crypto!
This is why: https://blog.iota.org/the-transparency-compendium-26aa5bb8e260
cybercrypt has been hired to review and audit it. IOTA is currently running SHA-3/KECCAK now until Curl is ready.

>MIT said bad things about IOTA

https://blog.iota.org/curl-disclosure-beyond-the-headline-1814048d08ef
>Nick Johnson says IOTA is bad!

Nick Johnson is an ethereum dev who is incentivized to see IOTA fail, see CFBs twitter responses here.
https://mobile.twitter.com/nicksdjohnson/status/912676954184323073?lang=en
And this
https://www.reddit.com/r/Iota/comments/72lly0/comment/dnjk9f5?st=JB2VKUBB&sh=a2892548

>>5003616
So you dump on the pike of the pump and buy in the predicted lowest dump.
Do you trade to other cryptos or cash out every time?

>>4999102

No. For one it is centralized which automatically disqualifies it from Coinbase.

>IOTA Devs do not respond appropriately to criticism

When critiquers provide feedback that is ACTUALLY useful to the devs, then sure they'll be glad to hear it. So far not once has an outside dev brought up something that the IOTA devs found useful. Every single time it ends up being something that was already taken into consideration with the design and if the critiquer did an ounce of research they would know that. Thus you often find the IOTA devs dismissing their opinion as FUD and responding with hostility because all their critique is really doing is sending the message to their supporters that they are not supposed to like IOTA anymore.
Nick Johnson was a perfect example of this. The Ethereum community was co-existing peacefully with IOTA’s community (as they do with nearly all alt coins) until Nick wrote his infamous article. Then almost overnight Ethereum decided it didn’t like IOTA anymore and we’ve been dealing with that shit since. As of today, add LTC to that list with Charlie’s (even admitting) ignorant judgement of IOTA.

> IOTA is Centralized

IOTA is more decentralized than any blockchain crypto that relies on 5 pools of miners, all largely based in China. Furthermore, coordinator isn’t a central server all transactions pass through, contrary to popular misconception. It is just normal actor who adds transactions to the tangle, which other nodes can use as milestones, if they wish. It’s a shepherd, you could say, which the herd can follow so they don’t go astray (following some malicious nodes or whatnot). The Monte Carlo Random Walk algorithm is what will create consensus in the herd when there is no shepherd any more. It will be comparable to every sheep calling out while also following the sound of the call of the rest of the herd. That way they can all tangle up together.
Referencing the coordinator is also optional.
Also, if you research and understand how IOTA intends to work without the coordinator, it’s easier to accept it for now as training wheels. I suggest reading pg 15 and on of the white paper analyzing in great depth how the network will defend different attack scenarios without a coordinator. For the past several months, IOTA foundation has been using St Petersburg college’s super computer to stress test IOTA and learn when they can turn the coordinator off. There will likely be a blog about the results soon.
This is another great read covering double spends on IOTA without a coordinator: www.tangleblog.com/2017/07/10/is-double-spending-possible-with-iota/
This too: http://www.reddit.com/r/Iota/comments/7eix4a/any_iota_guru_that_can_explain_what_this_guy_is/dq5ijrm
Also this correspondence with Vitalik and Come_from_Beyond https://twitter.com/DavidSonstebo/status/932510087301779456
At the end of the day, outstanding claims require outstanding evidence and folks approaching IOTA with a “I’ll believe it when I see it” attitude is completely understandable. It’s all about your risk tolerance.

> Can IOTA defend double spends?

99% of these “but did they think about double spend attacks?” type questions could just be answered if people went and did their own research. Yes of course they thought about that. That’s like crypto101…
www.tangleblog.com/2017/07/10/is-double-spending-possible-with-iota/
No questions or concerns get upvoted, only downvoted!
That’s just the nature of this business. Everyone in these communities has money at stake and are extremely incentived to keep only positive news at the top of the front page. there is nothing you're going to do about that on this subreddit or any crypto subreddit. It's just a reddit fact of life we have to deal with. Everyone has a downvote and everyone has an upvote. But what can be done is just simply answer the questions even if they are downvoted to hell. Yea most people wont' see the answers or discussion but that one person will. every little bit counts.
I will say that there are most certainly answers to nearly every FUD topic out there. every single one. A lot of the posts i'm seeing as of late especially since the price spike are rehashed from months ago. They are often not answered not because there isn't an answer/explanation, but because regulars who have the answers simply don't see them (for the reason listed above). I can see how it's easy for this to be interpreted (especially by new users) as there not being an answer or "the FUDsters are on to something" but thats just not the case.

>>5004466
Do you work for IOTA?

> IOTA is not private!

Masked authenticated messages exist right now so data can be transferred pricately. Very important for businesses.

> Coin Privacy
Centralized coin mixer is out that foundation runs. Logs are kept so they can collect data and improve it Folks can copy the coin mixer code and run it themselves. Goal is for mixer to be decentralized and ran by any node.
Will IOTA have smart contracts?
We believe so. For now this is all we know: https://twitter.com/iotatoken/status/894301083689943040

>Companies technically don’t have to use the IOTA token

Yes they do
Worth clarifying that 0 iota data transactions are perfectly fine and are welcomed since they still provide pow for 2 other transactions and help secure the network. In the early stages, these types of transactions will probably be what give us the tps/pow needed to remove the coordinator and allow the network defend 34% attacks organically.
But... if someone does not want to sell or exchange their data for free (0 IOTA transaction), then Dominic is saying that the IOTA token must be used for that or any exchange in value on the network.
This is inherently healthy for the ecosystem since it provides a neutral and non-profit middle ground that all parties/companies can trust. If one company made their own token it wouldn’t be trusted since companies are incentivized by profits and nothing is stopping them from manipulating their token to make them more money. Thus, the IOTA foundation will not partner with anyone who refuses to take this option off the table.

>>5004511

No, I hold 17 of them as poorfag but I'm delivering anti FUD cuckolds who want you to dump shit here.

I truly believe that this shit will take off, dont care about refugee faggots living and shit.

>How do nodes scale? How on earth can all that data be stored?
Full nodes store, update and verify from the last snapshot, which happens roughly every month. Its on the roadmap to make snapshotting automatic and up to each full node’s discretion.
Perma-nodes would store the entire history of the tangle from the genesis. These are optional and would likely only be created by companies who wish to sell historical access of the tangle as a service or companies who heavily use the tangle for their own data and want to have quick, convenient access to their data’s history.
Swarm nodes are also in development which will ease the burden on full nodes. https://blog.iota.org/iota-development-roadmap-74741f37ed01

> Node Discovery is manual? Wtf?

Nelson is fixing this:
https://medium.com/deviota/carriota-nelson-automatic-peer-discovery-for-iota-bdca9b8b8750
https://medium.com/deviota/carriota-nelson-in-a-nutshell-1ee5317d8f19

> Microsoft fake?
Microsoft is in fact real: see David's response here: https://www.reddit.com/r/Iota/comments/7inys6/does_anyone_have_information_on_why_microsoft/dr05u5u/
All these partnerships are going to influence IOTA development!!

> Microsoft has no influence on the development of IOTA. They either choose to use it or they don’t. Same goes for Bosch, Innogy, Fujitsu, Schneider electric and every other IOTA partner.
> Internet of things is cheap and will stay cheap

-Internet of things is one application of IOTA and considered by many to be the 4th industrial revolution. Go do some googling. IOTA having zero fees enables M2M for the first time in history. Also, if a crypto can do M2M it sure as shit can do M2P and P2P.

> Bitcoin with lightning network will make IOTA obsolete.
If you want lightning network, IOTA already released it. Called flash channels.
https://blog.iota.org/instant-feeless-flash-channels-88572d9a4385

>>5004445
>>IOTA Devs do not respond appropriately to criticism

They don't
https://twitter.com/DavidSonstebo/status/939599309556862976

> What does Nelson mean for us?
It means that all the full nodes the community has been setting up are now going to properly play their role in contributing to the network. So far most of the network has been throttled through the 14 plus odd public nodes shown in the wallet. These nodes are very juicy targets for attackers. Now the network will be properly distributed amongst thousands of full nodes.
https://medium.com/deviota/carriota-nelson-automatic-peer-discovery-for-iota-bdca9b8b8750
We need to continue the progress on CarrIOTA, but I think, this small side-project is worth the time. It will (hopefully) increase the amount of full nodes and explode the size of the network in a short amount of time.
Also if you want to setup your own full node here’s a guide, the hardware requirements are very small.
https://forum.helloiota.com/1191/Setting-Up-a-Full-Node-A-Comprehensive-Guide

> IOTA surpassing speculation
> If a crypto can do M2M it sure as shit can do P2P. M2M is hard mode.

IOTA, through the data marketplace, will be the first crypto to surpass speculation and actually be used in the real world for something. From there, it will branch out into other use cases, such as P2P. Or maybe P2P use of IOTA will grow in parallel with M2M, because why not?
Might I add with its infinite scaling, IOTA is the ONLY crypto that has the capability to replace fiat at the moment.

>>5004432
i just am accumulating IOTA. Just IOTA right now on binance since the fees are low and it has been easy to see the spikes (because there are like 10 massive fucking candles). Like this one last night at midnight. There was another one today as well but, I missed it studying for exams.

>>5004613

It's in BETA STAGE ffs. Just HODL for now. What even if yo u get scammed for 10$?
> Why is UCL wallet taking so long!!??
It will release when it’s ready. Most folks are going to be transferring their iota to it so they are making damn sure it’s bullet proof. We don’t need a “parity” situation to happen to iota.
Investing in a new project barely off the ground
To Ppl complaining: welcome to investing in a project in its early stages, something typically reserved for wealthy individuals/organizations before ICO’s became a thing. With early investing comes much less hand holding and more responsibility on the user to know what they are doing. If you have a hard time accepting this responsibility, don’t invest and wait for the technology to get easier for you. How many people actually knew how to use and mine bitcoin in 2009 before it had all its gui infrastructure?
The wallet is a tiring issue for the regulars here. every spike in price leads to a wave of new investors complaining about the wallet and claiming it must immediately become “top priority” for the devs. But a minuscule amount of research and you would find the user-friendly update your looking for is right around the corner with UCL.
It’s worth noting IOTA is a tangle, the first of its kind. NOT a copy paste blockchain. As a result wallets for IOTA are the first of their kind and translating the tangle into a nice clean user-friendly blockchain experience for the masses is even more taxing.
Tangle Visualizers
http://tangle.glumb.de/
http://iota.dance/live/
http://live.iotaknot.com/
IOTA Introduction video to share with family
https://youtu.be/LyC04NrJ3yA

>>5004555
How do we know you aren't one of the devs?
Hmmmm.....

It doesn't work
fail shitcoin is fail

>>5004679
>It's in BETA STAGE ffs.

That has nothing to do with the poor response from the founder of IOTA

>>5004433
so it will never go to coinbase?

I'm surprised IOTA is holding well, despite all the FUD.

>>5004843
it has had a nice support around 4.10 for the last week. I have 1Giota in it so I hope it really is what they make it out to be. IOTA if successful will not only revolutionize cryptocurrency but also currency in general, allowing fee less micro-transactions for the first time in history.

>>5004727
True he is an asshole. I would've been worse if people would whole day shill against my project.
Ripple is centralized yet nobody is raging against them.

>>5004699

You can't, you are on anonymous board. I copy pasted this from plebbit. You Amerifags probably hold more iotas than I do with my pleb wage of 300$ a month.
I believe in tech and that's it. I also hope it makes us early adopters rich as fuck.

I would invest in this coin just for the opportunity. But I can't take seriously any project that caters towards the IOT meme.

>>5004843
It's because IOTA isn't aimed at plebs like us or redditors. It's made for the industry who don't spend their time scouring the internet or some shitty tech news website. Who also happen to have way more money than all of us combined. Just hold or trade it around a bit, I doub't it'll drop too much and it's almost guaranteed to moon again soon.

>>5004936
Hope you get some gains too

>>5005183
I bought 600 IOTAs at 1.35, so I'm not worried the slightest if it dips. This is a long hold for me.

>>5004445

IOTA is a piece of shit that can't possibly work as advertised. Anyone can add conflicting transactions to the tangle and orphan valid transactions that build off one of the conflicting branches. It's computationally infeasible to scan the entire tangle to make sure the branch you are on is valid. The only thing you can do is keep retrying your transaction until it goes through. The reason it's "free" is that not enough PoW is being done to secure the network. It's a stupid design.

The only solution is to permission the network. It can never be decentralized.

>>5005331

>>5005215
Tangle is just a DAG and not unique to IOTA. Even Monero has been looking into a DAG (formely the SPECTRE paper)
https://getmonero.org/2017/11/27/logs-for-the-Monero-Research-Lab-meeting-held-on-2017-11-27.html

>>5004629

The problem is not the lack of full nodes. I speculated several months ago that IOTA would be DOS'd like this. It's because it is so cheap to add transactions that you can multispend all over the tangle. It's infeasible to even know you're on the right branch because even every full node has a different view of the tangle. With no consensus mechanism built in to IOTA they are forced to rely on proof of work to know they are looking at the valid branch, but the PoW is not that hard so literally anyone with a GPU can outpace the honest part of the network.

PoW only scales linearly with tx rate, so it gets even more vulnerable to such attacks as it scales, not less.

>>5005588

>>5004511

That's come-from-beyond. He spends all the time he's not busy building unworkable crypto shilling on various internet forums: bitcointalk, 4chan, reddit, ...

>>5005718
>>5005573

The average IOTA shill, can't respond to rational arguments.

It's eternal summer in the crypto space. Good luck to all the fucktards who fall for IOTA's marketing. I won't feel sorry for you.

>>5005895

>>5005331
that was also the conclusion I came to after reading the whitepaper, so I did not invest. What are people's answers to the private building of a side-chain then reattachment of that chain with transaction spamming? The whitepaper highlights that issue but gives an insatisfactory solution, with these random walkers stuff that rely on randomness (and you can circumvent that by attaching your side-chain properly).

>>5006826

There are no answers, just personal attacks from the IOTA devs if you're savvy enough to recognize that there's very little PoW being done and all of the network security is predicated on an attacker not having at least 34% of the network hash rate.

Raiblocks superior tech piss on Iota centralized coordinator shittangle mess.

>>5001525

>>5004180
>All IOTAs that will ever exist were sold at the ICO in 2015. There was no % reserved for development. Devs had to buy in with their personal money. Community donated back 5% of all IOTA so the IOTA foundation could be setup.

Nice blatant shilling there

https://altcoinspekulant.com/2017/06/11/iota-an-update-on-token-distribution-and-exchange-launch%E2%80%A8/

>On November 27th around 48% of all Iota was claimed by their owners. Until the 4th of February, additional 12% of Iota was claimed for a total of 60%. The number of addresses with a positive balance increased from 472 to 657 (+39%) and the number of addresses with more than 1 Gi increased from 334 to 494 (+48%). The time to claim IOTA ran out before the recent snapshot so that now all tokens are issued – with all unclaimed tokens now being in the sphere of the developers. It is not known how much remained unclaimed, but a good guess could be to add the top two addresses, which are known to belong to the foundation/the devs. This would be 406,834Gi or around 14.6% of total supply.

>The time to claim IOTA ran out before the recent snapshot so that now all tokens are issued – with all unclaimed tokens now being in the sphere of the developers.

>On November 27th around 48% of all Iota was claimed by their owners. Until the 4th of February, additional 12% of Iota was claimed for a total of 60%

Only 60% of ICO IOTA were claimed, meaning the devs own the remaining 40% with 14.6% at the very least.